NEW YORK - eTradeWire -- Leading global AI-powered credit decisioning platform Scienaptic AI announced today that Altura Credit Union is now live on its platform to enhance its lending processes. As part of the deployment, Scienaptic's AI platform was integrated with Temenos Loan Origination System (LOS), resulting in streamlined credit underwriting processes, higher loan approval rates, and automated loan decisions for Altura Credit Union.

Incorporated in 1957 and headquartered in Riverside County, Calif., Altura Credit Union is a not-for-profit financial cooperative providing financial solutions such as loans, investments, savings, credit and debit cards, online banking, and other related services to the communities in southern of California. This deployment enables Altura to increase credit availability and stand firm for its Members and communities by using disruptive technology that enhances decisioning capabilities.

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"At Altura Credit Union, we are proud to be focused on the well-being and growth of our Members and community," commented Kevin Sherrell, CSO and CLO of Altura Credit Union. "Going live on Scienaptic's AI-enabled decisioning platform not only automates our underwriting processes but also allows us to intelligently personalize loan decisions and provide an exceptional experience to every Member as well as fulfill our mission of enriching lives and empowering dreams. As a pioneer of disruptive tech adoption in the industry, Altura looks forward to this partnership contributing to expanded credit access for our diverse Member base."

Commenting on the deployment, Scienaptic's Cofounder and President, Pankaj Jain, commented on the deployment, "We are excited to have Altura Credit Union live on our AI-powered underwriting platform. Using the platform's intelligent, fair, explainable AI signals will empower Altura and its Members alike. The deployment will enable Altura to develop a more diverse membership base, provide personalized Member experience, and increase loan approvals with Scienaptic's industry-leading AI technology."

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About Scienaptic:

Scienaptic AI's mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.

The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.

Scienaptic-enabled lenders have processed more than 200 million transactions, benefitting millions of borrowers.

For more information, visit http://www.scienaptic.ai